Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Four-Unit Residential Income Property Title is generated by Realmo AI

    173 E Dibble St, Marcellus, MI 49067

    View on Map
    Claim this Listing
    New
    For Sale
    $186,000

    Four 1-bedroom, 1-bath apartments arranged on main and upper levels for an investor-focused residential income setup.

    Type:Investment
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 2:57 am

    Property Features for 173 E Dibble St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1899

    We can help!

    Listing Contact
    Martha Hassle
    Martha Hassle

    Listing agent Martha Hassle License #6501285895

    Listing office @properties Christie's Intl RE

    Listing date Jun 4, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of @properties Christie's Intl RE

    HighLights

    • Four‑unit multifamily built in 1899
    • Four 1‑bedroom, 1‑bath apartments with two units on the main level and two units on the upper level
    • BikeScore 40 (somewhat bikeable) and WalkScore 33 (car‑dependent), indicating area transportation is primarily car‑oriented

    Overview

    This four-unit residential income property includes four 1-bedroom, 1-bath apartments. The building is configured with two units on the main level and two units on the upper level, providing separate living space across both floors.

    Located in Marcellus, the property is described as convenient to local amenities. The provided mobility data indicates a Somewhat Bikeable area (bikeScore 40) and a Car-Dependent area (walkScore 33), suggesting day-to-day access may be more practical by vehicle.

    For investors and owner-operators seeking a straightforward small multifamily asset, the current unit mix is consistent across all four homes: each unit is a 1-bedroom, 1-bath layout. With two apartments per level, the configuration may simplify operating considerations compared with more varied floor plans, while still offering four separate revenue units within a single property.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Accounting Firm Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marcellus
    County
    Cass
    State
    Michigan
    Longitude
    -85.816666
    Latitude
    42.02577

    Nearby Similar for Sale

    • $249,900
      3,072 SF

      Restaurant Opportunity in Marcellus, MI

      3,000+ sq ft commercial property in a charming country town.
      290 Centre Street, Marcellus, MI 49067
      View Details
    • $82,000
      1,032 SF

      Office Building with Expansion Parking

      A 1,032-square-foot office with reception, private offices, kitchenette, and attic storage on parcels with room to grow.
      418 E Main Street, Marcellus, MI 49067
      View Details
    • $219,000
      1,660 SF

      Updated Commercial Building on Main

      Clean, updated commercial building on heavily traveled main road.
      149 E Main Street, Marcellus, MI 49067
      View Details
    • $975,000
      2,100 SF

      90-Acre Agricultural and Recreational Property

      90-acre farm with licenses in Marcellus, Michigan.
      13087 Pioneer Street, Marcellus, MI 49067
      View Details
    • $186,000

      Four-Unit Residential Income Property

      Four 1-bedroom, 1-bath apartments create multiple rental income streams in a compact multifamily setting.
      173 E Dibble Street, Marcellus, MI 49067
      View Details
    • $275,000
      17,342 SF

      Downtown Marcellus Commercial Building

      Commercial building with storefronts, ballroom, and apartment potential.
      105 W Main Street, Marcellus, MI 49067
      View Details
    • $789,000
      2,558 SF

      Retail/Office/Industrial Opportunity in Marcellus

      Remodeled building on 6 acres, ready for retail/office/industrial use.
      52560 M-40, Marcellus, MI 49067
      View Details
    • $299,000
      1,307 SF

      Versatile Acreage with Farm Buildings

      25.75+/- acres with home, barns, tillable land, and woods.
      53987 Burlington Road, Marcellus, MI 49067
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four 1-bedroom, 1-bath apartments arranged on main and upper levels for an investor-focused residential income setup.
    Where is this quadplex located?
    The property is located at 173 E Dibble St Marcellus, MI.
    What is the asking price?
    The asking price for this property is $186,000.
    What are key features of this property?
    This property features: Four‑unit multifamily built in 1899; Four 1‑bedroom, 1‑bath apartments with two units on the main level and two units on the upper level; BikeScore 40 (somewhat bikeable) and WalkScore 33 (car‑dependent), indicating area transportation is primarily car‑oriented
    (269) 876-7764
    We can help!
    Listing Contact
    Martha Hassle
    Martha Hassle
    Real Estate License ID: 6501285895
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    173 E Dibble St, Marcellus, MI 49067
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!